Cardiac Monitoring Market to 2022 - Major Drivers, Challenges and Opportunities Analysis by Medtronic, Abbott, Boston Scientific, GE Healthcare, and Philips Healthcare with Key Trends and Market Development

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The cardiac monitoring and cardiac rhythm management devices market is highly competitive. Some of the major players in this market are Medtronic (Ireland), Abbott (US), Boston Scientific (US), BIOTRONIK (Germany), GE Healthcare (US), and Philips Healthcare (Netherlands).

Cardiac monitoring and cardiac rhythm management devices market is expected to reach USD 25.12 million by 2022 from USD 20.67 million in 2017, at a CAGR of 4.0% during the forecast period. The scope of the report includes cardiac monitoring (CM) and cardiac rhythm management (CRM) used for the continuous monitoring, detection, and treatment of heart activities and abnormal heart rhythm (electric heart patterns).

In, cardiac monitoring and cardiac rhythm management devices market report is segmented by products, end user, and region. The report provides a detailed overview of the major drivers, challenges, opportunities, and restraining factors impacting the cardiac monitoring and cardiac rhythm management devices market along with the estimates and forecasts of the revenue.

Key Target Audience
• Government and Academic Institutes
• Research Laboratories, Diagnostic Centers, and Research Institutes
• Cardiac Monitoring and Cardiac Rhythm Management Device Manufacturers
• Suppliers and Distributors of CM and CRM Devices
• Monitoring Service Providers
• Healthcare Service Providers
• Physicians
• Diagnostic Centers

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Cardiac monitoring devices market is classified into ECG devices, implantable loop recorders, cardiac output monitors, mobile cardiac telemetry, and smart wearable ECG monitors. The ECG devices segment accounted for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the increasing incidence of cardiovascular diseases, the wide application of ECG devices in CVD management, development of technologically advanced devices, and government initiatives.

Cardiac Monitoring Market, by Product
• ECG Devices
• Implantable Loop Recorders
• Cardiac Output Monitors
• Event Monitors
• Mobile Cardiac Telemetry
• Smart Wearable ECG Monitors

Cardiac Monitoring and Cardiac Rhythm Management Devices Market, by End User
• Hospitals
• Home & Ambulatory Care Settings
• Other End Users

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Cardiac Monitoring Market is segmented into North America, Europe, Asia, and RoW. North America accounted for the largest share of the CM & CRM devices market in 2017. The large share of this regional segment can be attributed to the growth in the geriatric population and the subsequent growth in the prevalence of cardiovascular diseases, high accessibility to advanced technologies, increasing development of innovative and technologically advanced products, and increasing healthcare expenditure in the region.

Break-up profile of primaries:
• By Company Type - Tier 1-42%, Tier 2-37% and Tier 3-21%
• By Designation - C-level-34%, D-level-42% and Others-24%
• By Region - North America-32%, Europe-30%, Asia-24%, and RoW-14%

Factors such as growing geriatric population, growing incidence of chronic diseases, rising healthcare spending, healthcare reforms for infrastructural development, growing demand for advanced technologies, and less stringent regulations are fueling the demand for CM & CRM devices in the Asia region.

Cardiac rhythm management devices market is classified into defibrillators and pacemakers. In 2017, the defibrillators segment accounted for the largest share of the market. The large share of defibrillators can primarily be attributed to the increasing incidence of cardiovascular diseases, development of technologically advanced devices, and increasing demand for these devices in emerging countries.

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